KREF Stock Overview
KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets.
KKR Real Estate Finance Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$19.32|
|52 Week High||US$23.42|
|52 Week Low||US$18.53|
|1 Month Change||-8.04%|
|3 Month Change||-6.58%|
|1 Year Change||-4.83%|
|3 Year Change||-4.55%|
|5 Year Change||-13.60%|
|Change since IPO||-12.70%|
Recent News & Updates
KKR Real Estate: Stable Stock, High Yield, Static Price Performance
KKR Real Estate has been successful in its primary investment objective of protecting shareholders’ capital and producing attractive dividend for its investors. KREF recorded an average yield of 8 percent, which it is expected to continue. KREF recorded negative price growth since inception, but it is quite static.
If You Like EPS Growth Then Check Out KKR Real Estate Finance Trust (NYSE:KREF) Before It's Too Late
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
|KREF||US Mortgage REITs||US Market|
Return vs Industry: KREF exceeded the US Mortgage REITs industry which returned -18.7% over the past year.
Return vs Market: KREF exceeded the US Market which returned -10.4% over the past year.
|KREF Average Weekly Movement||3.3%|
|Mortgage REITs Industry Average Movement||4.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: KREF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: KREF's weekly volatility (3%) has been stable over the past year.
About the Company
KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities. The company has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
KKR Real Estate Finance Trust Fundamentals Summary
|KREF fundamental statistics|
Is KREF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KREF income statement (TTM)|
|Cost of Revenue||US$2.55m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.86|
|Net Profit Margin||66.43%|
How did KREF perform over the long term?See historical performance and comparison
8.9%Current Dividend Yield
Is KKR Real Estate Finance Trust undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KREF ($19.32) is trading below our estimate of fair value ($21.28)
Significantly Below Fair Value: KREF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KREF is good value based on its PE Ratio (10.4x) compared to the US Mortgage REITs industry average (11.8x).
PE vs Market: KREF is good value based on its PE Ratio (10.4x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: KREF is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: KREF's PB Ratio (0.8x) is in line with the US Mortgage REITs industry average.
How is KKR Real Estate Finance Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KREF's forecast earnings growth (6.5% per year) is above the savings rate (1.9%).
Earnings vs Market: KREF's earnings (6.5% per year) are forecast to grow slower than the US market (12.6% per year).
High Growth Earnings: KREF's earnings are forecast to grow, but not significantly.
Revenue vs Market: KREF's revenue (7% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: KREF's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KREF's Return on Equity is forecast to be low in 3 years time (9.2%).
How has KKR Real Estate Finance Trust performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KREF has high quality earnings.
Growing Profit Margin: KREF's current net profit margins (66.4%) are lower than last year (74.7%).
Past Earnings Growth Analysis
Earnings Trend: KREF's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: KREF's earnings growth over the past year (7.1%) is below its 5-year average (15% per year).
Earnings vs Industry: KREF earnings growth over the past year (7.1%) exceeded the Mortgage REITs industry 5.4%.
Return on Equity
High ROE: KREF's Return on Equity (8.6%) is considered low.
How is KKR Real Estate Finance Trust's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: KREF's short term assets ($6.9B) exceed its short term liabilities ($50.1M).
Long Term Liabilities: KREF's short term assets ($6.9B) exceed its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: KREF's net debt to equity ratio (319.6%) is considered high.
Reducing Debt: KREF's debt to equity ratio has reduced from 893.2% to 330.1% over the past 5 years.
Debt Coverage: KREF's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: Insufficient data to determine if KREF's interest payments on its debt are well covered by EBIT.
What is KKR Real Estate Finance Trust current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KREF's dividend (8.9%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: KREF's dividend (8.9%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, KREF has been paying a dividend for less than 10 years.
Growing Dividend: KREF's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.6%), KREF's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (91.5%), KREF's dividend payments are not well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matt Salem (47 yo)
Mr. Matthew A. Salem, also known as Matt, is the Chief Executive Officer of KKR Real Estate Finance Trust Inc. since March 9, 2020 and serves as its Director since February 01, 2022. He is a Partner at KKR...
Experienced Management: KREF's management team is considered experienced (2.2 years average tenure).
Experienced Board: KREF's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.1%.
KKR Real Estate Finance Trust Inc.'s employee growth, exchange listings and data sources
- Name: KKR Real Estate Finance Trust Inc.
- Ticker: KREF
- Exchange: NYSE
- Founded: 2014
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$1.312b
- Shares outstanding: 67.93m
- Website: https://www.kkrreit.com
- KKR Real Estate Finance Trust Inc.
- 30 Hudson Yards
- Suite 7500
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/15 00:00|
|End of Day Share Price||2022/05/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.